The McKeon Law Firm
Experience with a Personal Touch
Call to Schedule an
Initial Consultation 301-417-9222

Offices in Gaithersburg & Bethesda

  • Facebook
  • Twitter
  • LinkedIn
Practice Areas

Posts tagged "dispute"


Navigating the process of a high-asset divorce

Many Maryland couples struggle with their marriages. Unfortunately, the issues that crop up - such as finances, infidelity or clashing personalities - often lead to divorce. While a divorce can eventually lead to freedom for those trapped in unhappy marriages, the divorce process can be much more stressful than the actual marriage. Many couples refuse to negotiate, and the result can be a nasty court battle. But no matter what happens, the right lawyer will fight for your rights every step of the way.

How does a high asset divorce impact my tax liability?

When Maryland couples divorce, there are many issues regarding property division. This is especially true in the case of a wealthy dissolution. There are often multiple homes, stocks, bonds, retirement plans and much more to split up. There are often many disputes about asset division because of the tax implications involves - something that most couples don't think about. Find out how a high asset divorce can affect your tax liability.

What to consider before filing for a high asset divorce

While marriage can be hard, getting divorced is even harder. When many Maryland couples get divorced, they end up fighting over all the assets accumulated throughout the marriage. Besides asset division, there are many aspects involved in a high asset divorce, especially if the couple has been together for many years. Those looking to call it quits may want to consider the following before filing for divorce - and possibly regretting the decision.

How a high asset divorce affects Social Security earnings

In the past, most couples divorced well before retirement age, so there was rarely an issue about splitting up Social Security benefits. However, times have changed and more and more couples in Maryland and other parts of the country are divorcing in their 50s, 60s and even their 70s. Splitting up so late in life often causes one to rethink his or her retirement plans because their Social Security benefits - often their largest asset - often must be split with the ex-spouse. However, there are ways to maximize one's earnings without a huge dispute between the divorcing spouses.

Melanie Griffith and Antonio Banderas in for a high asset divorce

Celebrity divorces are nothing new for most Maryland movie fans. However, many may be shocked by the recent divorce filing by Melanie Griffith. She is seeking a divorce from Antonio Banderas, her husband of 18 years. Although the split is reportedly amicable, with $50 million in assets at stake this has the potential to become a complicated high asset divorce.

How to deal with business interests in a divorce

Maryland residents sometimes hold off on filing for divorce for a variety of reasons. Some people have been married so long that they may just think they are going through a rough patch and that everything will get better at some point. However, for others there are major financial implications, and the prospect of a high asset divorce struggle is simply too unappealing.

Complex asset division raises the stakes in a high asset divorce

Many people probably have a view of divorce primarily as a way to get a clean break from an unhealthy relationship and move on with life. While this may be true in many cases, the unfortunate reality is that a divorce involves much more than simply parting ways with a spouse, especially if it is a high asset divorce.

Complex asset division, other disputes can occur in any divorce

Americans are fascinated with celebrities. But when a high-profile couple goes through a high asset divorce, the media frenzy can be astonishing. That has been the case since news broke that Rupert and Wendi Murdoch would be getting a divorce. Rupert Murdoch is one of the wealthiest people in the country, and the fact that he himself is the chief executive of a major news corporation is only adding fuel to the fire. But, as a recent article noted, there may be some ways for the average Maryland resident to benefit from watching this type of divorce unfold.

Asset division could be a major factor in Murdoch divorce

From time to time the divorce of a high-profile couple will consume the news media, for a variety of reasons. When Tom Cruise and Katie Holmes divorced, much of the news coverage was focused on what would happen with the custody situation for their young daughter, Suri. When Kim Kardashian and Kris Humphries divorced the media was obsessed with determining whether the whole marriage was a sham to begin with. Now, there is another couple in the headlines because they have filed for divorce, but this time the news is focused on much different topics: one of the parties himself is a member of the news media elite, and it is likely to be a high asset divorce - perhaps as high asset as it gets.

Back to top